Connersville, IN Cost of Living

Connersville cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.

Displayed above is a general overview of the Connersville, IN cost of living index. The overall cost of living index in Connersville, IN is 74, which is 15% lower than the Indiana average and 26% lower than the national average. The cost of living index is created from the following categories: goods/services (33%), groceries (13%), health care (5%), housing (30%), transportation (9%) and utilities (10%). As you can see, goods/services and housing make up the majority of the overall cost of living index. Everyday goods and services can be a good indicator of the general cost of goods in a given city. In this case, the goods and services in Connersville, IN are 12% lower than the Indiana average and 18% lower than the national average.

Did you know?

The cost of living in Connersville is 15% lower than the Indiana average.

The cost of living in Connersville is 26% lower than the national average.

The cost of housing in Connersville is 53% lower than the national average.

Compare Connersville, IN Cost of living To Other Cities

Salary Calculator

I currently make 50,000This is how much you would need to earn in Price difference in compared to

Cost of living index

Goods & Services index

Groceries index

Health care index

Housing index

Transportation index

Utilities index

The salary calculator is used in order to provide a comparison of your current salary in Connersville, IN to another city of your choice. The calculator will inform you of what your salary needs to be in any specific city in order for you to maintain your living standard based on what the city’s cost of living is. As an example, if you are seeking to move to a city that has a higher cost of living compared to Connersville, IN, you would have to earn a higher income to maintain a standard of living that is similar. To get started with the Connersville, IN salary calculator, input the new city’s name and then move the slider to indicate your current income. The salary calculator will now process the numbers and show you whether you need to earn more or less in the chosen city. A comprehensive breakdown of the cost of living will also be shown.

Median Income & Debt-To-Income Ratio

Median Income

Per Year

Per Month

Max Budget (28% DTI)

Max Budget (36% DTI)

Owners

$40,274

$3,356

$940

$1,208

Renters

$19,021

$1,585

$444

$571

The percent of monthly income spent on housing can be a good indicator of the affordability of housing in Connersville, IN as well as the overall cost of living. As a general rule of thumb, the debt-to-income ratio (DTI) for homeowners or renters should be not more than 28 percent of gross income to be spent on housing related costs and not more than 36 percent of income on all expenses, including debts. The median income for Connersville, IN homeowners, is $40,274. This would allow for a maximum of $940 per month to be spent on housing costs. For renters, the median monthly income is $19,021 which would result in a maximum of $444 to be spent on rental costs.

Indiana Sales Tax

State

General Sales Tax

With Max Surtax

Indiana

7%

7%

Indiana Income Tax

State

Income Tax (Low)

Income Tax (High)

Indiana

3.3%

3.3%

When considering the overall cost of living expenses in Connersville, IN, it's important to take into account the sales tax for Indiana, as well as the rate for income tax in Indiana. Goods and services sold to consumers in any state have some form of sales tax. Each state has its own tax code, which means that sales tax rates vary from state to state, ranging from over 7% in some states to as low as 0% in others. The maximum surtax for Indiana is 7%, and the sales tax in the state of Indiana is 7%. Alternatively, the tax imposed on your income by the state government is known as income tax. The rate for this tax also varies from state to state, and your rate is affected by your tax bracket, which is determined by your level of income. Income tax rates might be as high as 9%, down to as low as 0%. The range for income tax rates in Indiana starts from 3.3% and goes up to 3.3%.

Goods & Services

Item

Connersville

National avg.

Difference

Haircut

$11.33

$15.56

27.2%

Beauty Salon

$23.67

$36.11

34.5%

Toothpaste

$1.88

$2.47

24.0%

Shampoo

$0.79

$0.96

18.5%

Movie

$6.99

$10.13

31.0%

Bowling

$3.50

$4.74

26.1%

Groceries

Item

Connersville

National avg.

Difference

Ground Beef

$3.81

$3.98

4.3%

Fried Chicken

$1.13

$1.41

19.5%

Milk

$1.52

$2.06

26.3%

Potatoes

$2.75

$2.98

7.7%

Pizza

$8.18

$9.47

13.7%

Beer

$8.43

$8.79

4.1%

Health Care

Item

Connersville

National avg.

Difference

Optometrist

$55.83

$101.04

44.7%

Doctor

$66.67

$107.44

38.0%

Dentist

$70.00

$90.42

22.6%

Ibuprofen

$8.34

$9.28

10.1%

Lipitor

$420.44

$426.50

1.4%

Housing

Item

Connersville

National avg.

Difference

Home Price

$68,200.00

$175,700.00

61.2%

Avg. Mortgage Payment

$817.95

$1,133.23

27.8%

Apartment Rent

$623.00

$920.00

32.3%

Transportation

Item

Connersville

National avg.

Difference

Gasoline

$1.81

$1.99

9.3%

Tire Balancing

$35.61

$45.76

22.2%

Utilities

Item

Connersville

National avg.

Difference

All Electricity

$141.15

$163.81

13.8%

Phone

$25.22

$28.39

11.1%

Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.